The ED Mumbai team arrested the suspended staff officer Hitesh Kumar Singla of Bank of India from Ahmedabad railway station. The arrest was made under the provisions of the Money Laundering Prevention Act, 2002 (PMLA). The Special PMLA Court has sent the accused to 7 days ED custody.
The ED took this action on the basis of the FIR lodged by CBI, ACB Mumbai, in which a case is registered on Singla under Section 409 IPC, Section 316 (5) BNS and PC Act 1988 under Section 13 (2) Creased Section 13 (1) (A).
Many big revelations in ED investigation
Investigation revealed that between May 2023 and July 2025, Singla fraudulently stopped term deposits, PPF, senior civil savings scheme, savings account and current accounts without stopping permission and deposited their money in their SBI accounts.
The ED investigation also revealed that the accused specifically targeted 127 customers, including senior citizens, minors, late customers’ accounts and passive accounts. The amount was transferred to small parts and hidden. In this way, Singla defrauded a total of 16.10 crores to Bank of India and its customers, causing heavy damage to both the reputation and public trust of the bank.
Accused in trying to escape from train
Singla was absconding since the revelations of the fraud and was not reporting in Bank of India. On the basis of secret information and technical surveillance, ED gave him the train no. 19320 caught in Mahamana Express.
During the arrest, he was constantly trying to escape from the officials by changing the coach and seat. After the arrest, the ED also conducted a search under Section 17 PMLA at the whereabouts of one of his colleagues. The ED says that the investigation is still going on and many other revelations can also happen.
Also read:- BJP erupted on Sam Pitroda’s statements, said- ‘These insult to the soldiers of the country’